Dolphin Entmt Inc Stock Price, News & Analysis

Dolphin Entertainment (NASDAQ:DLPN) reported strong Q3 2024 financial results with revenue increasing 24.5% year-over-year to $12.7M. The company achieved $0.5M in adjusted operating income, compared to an $0.8M loss in Q3 2023. Nine-month revenue grew 26.6% to $39.4M with adjusted operating income of $1.4M. Despite positive operational performance, the company recorded a net loss of $8.7M, including $6.5M in goodwill impairment. Notable developments include the acquisition of Elle Communications, launch of Always Alpha sports management firm, and ventures in Staple Gin and Loti AI partnership. The company maintains $6.6M in cash and is on track to surpass $50M in revenue for 2024.

Dolphin Entertainment (NASDAQ:DLPN) has successfully regained compliance with NASDAQ's minimum bid price requirement. The company received official confirmation from NASDAQ's Listing Qualifications Department on November 13, 2024, after maintaining a closing bid price of $1.00 or higher for twenty consecutive business days. This fulfills the listing requirement under Rule 5550(a)(2) for continued listing on The NASDAQ Capital Market, and NASDAQ has now closed this matter.

Shore Fire Media, a subsidiary of Dolphin (NASDAQ:DLPN), announces that its clients have received 26 nominations for the 2025 GRAMMY Awards. Notable nominations include Jacob Collier with three nominations including Album of the Year, and first-time nominee Sierra Ferrell with four nominations including Best Americana Album. Other prominent nominees include Samara Joy, Aoife O'Donovan, and multiple gospel artists receiving nominations across various categories. The 67th GRAMMY Awards will be held at Crypto.com Arena in Los Angeles on February 2, 2025, broadcasting on CBS and streaming on Paramount+.

Dolphin (NASDAQ:DLPN), a leader in content production and entertainment marketing, has scheduled its Q3 2024 earnings conference call for November 14, 2024, at 4:30 PM ET. The call will discuss financial results for the quarter ended September 30, 2024. Interested parties can join via domestic (877-545-0320) or international (973-528-0002) lines using access code 345281. A webcast will be available, and replay options include both phone and web access.

Special Projects, a Dolphin (Nasdaq:DLPN) subsidiary specializing in celebrity booking and event production, served as the Talent Booking Partner for WSJ. Magazine's Innovator Awards at New York's Museum of Modern Art on October 29th. The event celebrated innovators across various fields including fashion, technology, sports, and entertainment. Partner Andrea Oliveri has been instrumental in curating honorees for nine consecutive years. This year's distinguished honorees included John M. Chu, Charli XCX, Tim Cook, Salma Hayek Pinault, Marc Jacobs, Saturday Night Live, and the WNBA. Notable presenters featured Penélope Cruz, Ariana Grande, Reese Witherspoon, and other A-list celebrities.

Dolphin (NASDAQ:DLPN) has partnered with Loti AI to protect brands, celebrities, and content creators against unauthorized online content use and deepfakes. The partnership provides Dolphin's clients access to Loti's AI tools that scan over 450 million images and video frames daily across various platforms. Loti's auto-takedown functionality boasts a 95% success rate within 17 hours for removing unauthorized content.

This collaboration marks Dolphin's entry into the AI space and expands its premium service offerings, opening new revenue opportunities in brand safety and content protection. The companies will also work together to develop new AI-powered solutions for evolving client needs in combating deepfakes and unlicensed content distribution.

Dolphin's subsidiary Special Projects managed talent relations at the Academy Museum of Motion Pictures' fourth annual gala, which raised over $11 million for museum initiatives. The event honored Paul Mescal, Rita Moreno, and Quentin Tarantino, featuring performances by Cynthia Erivo. Co-chaired by prominent industry figures including Salma Hayek Pinault and Nicole Kidman, the gala celebrated the museum's three-year anniversary. During the event, Tarantino announced the donation of his original Pulp Fiction script to the museum. The star-studded celebration attracted numerous Hollywood celebrities and industry executives.

Dolphin (NASDAQ:DLPN), a leading independent company in content production, entertainment marketing, and related ventures, has announced its participation in the LD Micro Investor Conference in Los Angeles. The company's Chief Executive Officer, Bill O'Dowd, is scheduled to present on October 30, 2024, at 1:00pm PT.

The presentation will be streamed live and available for replay at https://me24.sequireevents.com/. Interested parties can contact their conference representative or email James@HaydenIR.com for more information about the conference or to schedule a one-on-one in-person meeting with management.

Dolphin Entertainment (NASDAQ:DLPN) CEO Bill O'Dowd issued a letter to shareholders highlighting recent achievements and future prospects. Key points include:

1. CEO's increased personal investment in DLPN stock, viewing it as undervalued.

2. Record revenue in Q4 2023 and Q1 2024.

3. Success of "Blue Angels" documentary co-production with IMAX.

4. Launch of Staple Gin in collaboration with Rachael Ray.

5. Acquisition of Elle Communications, a profitable Impact PR firm.

6. Formation of Always Alpha, focusing on the growing women's sports market.

7. Anticipated 20%+ revenue growth in 2024, exceeding $50 million.

8. Expected positive adjusted operating income for the year.

9. Continued success in entertainment marketing and PR campaigns.

The CEO expresses confidence in Dolphin's future, citing its expanded capabilities and positioning in growth markets like influencer marketing and women's sports.